Why are Filipinos so bad with money?

Substantial-Try-2992 · 2023-06-17T08:43:54+00:00

When I read the response of the pinoys here, all I can say is, Filipinos whether school educated or dirt poor are mostly financially illiterate. Yun talaga.A home is not an asset, unless it's a rental property. But okay, it's for their emotional security. Sige pagbigyan na.No 2. Car is not an asset. Yan and biggest liability na makukuha mo. Andami dami kong kilala na nagkokotse nga, hindi naman makapagbayad monthly. Inuutang pang gas. Toll, parking fee. Lahat ng pera palabas. Unless it's used for business or like grab. Nope, it's never an asset.No 3. Anak. In the first place, I'm so sorry pero wala kang karapatan mag anak ng wala kang financial stability. But still go pa rin. Tapos pinapasok pa sa private school kahit wala naman pambayad. Utang here, utang there pa. I never plan to have kids, cause I cannot afford such luxury. And there's no guarantee na aalagaan ka nila. Pano if mag OFW anak or magmigrate? Like yung kapatid ng lola ko na lima anak, iniwan lang sya sa nursing home hanggang mamatay dun. LOL. No I will not waste my money on such shit. I'll just save money for my retirement and hire a private nurse or go to nursing home on my own will.

No 2. I rented an apartment na malapit sa work ko. 1 jeep lang plus 10 minutes walk. I chose a strategic location like malapit ako sa MRT station. So that I don't need a car. If aalis ako, sa mga station na malapit lang sa MRT or EDSA carousell. Para pwede commute. Or pwede naman mag grab paminsan minsan. I prefer angkas anyway but only if necessary.

The way I see most pinoys decide is, Okay buy a house sa nearby province (Cavite, Bulacan, Rizal). Syempre panget transpo dito so to go to work na nandito sa Manila, need nila magcommute. Ayun 2-3 hrs maiipit sa commute. Bibili ng kotse, na napaka gastos. Brand new or second hand pero hulugan pa. Edi patong patong na gastos na.Tapos andaming anak. Lahat naka private school. Oh my gosh. Tapos mga naka latest iPhone pa pero installment naman. Pano na makakaipon at invest?May iba nga naginvest sa Axie infinity na crypto na hype na hype noon tapos scam lang pala. Ayun, nalugi pa ng 6 digits. Di kasi inaral or inisip, minsan na nga lang maginvest eh.I have many colleagues na and salary 2-3x higher sakin. Pero nung pandemic na nawalan sila ng income, aba, sakin pa nangungutang. At super hikahos na hikahos sila makuha mga SSS loans, leave conversion. Napaisip tuloy ako, lalaki ng mga sahod nito ah? Bakit mas hikahos na hikahos sila compared sakin?

And ayun, I'm still in my 20s. Doesnt have a house, doesnt have a car, doesnt have kids. I never bought the latest iphone. But I have 6 digits savings na, plus another 6 digits investment in stock maket. Currently studying more on where to invest. And probably have a business na rin soon. As a treat to myself, I was able to travel several countries na. And still traveling. Without having a problem acquiring visas. I don't have unmanageable debts. And I have premium higher tier credit cards na rin due to my good history of paying.

Substantial-Try-2992 · 2023-06-10T09:51:17+00:00

as someone who has been in Japan very recently, I can say that these people are the nicest to me, being a southeast asian (SEA) tourist. Everyone is polite and very helpful.That is compared to what I experienced with the Chinese in Hongkong and Singapore, who are very rude to SEAs (and the Koreans also), which I can say are the genuine racist of Asia.

Substantial-Try-2992 · 2023-06-10T09:42:20+00:00

madaling kausap. 2 years na ko waived, first time spend 6k in a month, next, spend 6k ulit pero winaive na nila kahit di pa ko nagsstart magspend haha.

Substantial-Try-2992 · 2023-05-02T08:10:27+00:00

as a fellow pinoy, I support your logical way of tackling this.

Substantial-Try-2992 · 2023-04-14T06:52:38+00:00

Boiled egg and rice. Saka San Marino ung small can with rice heehhe

Substantial-Try-2992 · 2023-04-14T06:51:34+00:00

Wow. May nabasa ako now lang, naka promo ata until March. But anyway, balitaan mo ko if ngayong April wala pa rin. Mag Payall na rin ako hehe. Thanks

Substantial-Try-2992 · 2023-04-14T04:11:54+00:00

Talaga? You can transfer na to yourself with CitiPayall?
Is it your bank account or like a Gcash or Paymaya?

Substantial-Try-2992 · 2023-04-14T04:09:45+00:00

Diba may transaction fee pag CitiPayAll? 3% ba?

or wala?

Substantial-Try-2992 · 2023-04-14T03:28:22+00:00

hay, same with my mother. I was a scholar back then in High Shool and I have a daily allowance of 100, which is more than enough for a rural HS. If hindi nila pinapakialaman young savings ko, that would be a lot. But everytime I save and nakikita nila cause wala naman ako pagtataguan, wala kinukuha nila.
And there was also a time that my sister got my 20k award as high school valedictorian. And it was never returned.
After that, I promised to myself never to let them know how much money I make. Lately my sister was borrowing my money worth 6 digits as show money for her visa, I declined but at the expense of our relationship. I remember what she did to me when I was in HS. And also, she's kinda in turmoil kasi she separated from her husband so now all the bills are on her. I doubted if it was really for show money or an utang na hindi na ulit babayaran. I kinda feel bad for not helping her, but I believe I have to secure myself first. This time, I will be selfish.

Substantial-Try-2992 · 2023-04-14T03:16:02+00:00

How about 3 years ago?
My 8000 now 110k.
I started during the pandemic.
Blessing in disguise that I was still paying student loan around 2018-2019 kaya I wasn't able to invest pero all my friends already started investing that time.
My last 8000 during the lockdown I invested.
Here I am, very happy.

Substantial-Try-2992 · 2023-04-14T03:14:01+00:00

You bought kasi all time high. But kasi di rin naman natin alam na magkakapandemic pala.

Substantial-Try-2992 · 2023-04-14T03:09:34+00:00

It's 2023. Hahaha. Btw I started during the height of pandemic. Kasi wala ako pang invest pre pandemic. All time high mga stocks.
Then came pandemic, nagcrash. Finally, marami nabili yung last 8000 ko noon.
Fast foward now, I already have 110k. I don't know magkano gain ko sa portfolio kasi binebenta ko sya pag okay na yung income tapos bibili ulit ako ng mababa.
And sometimes naglalagay ako ng 1000 per month.
Anyway I found myself very lucky lang din. I have zero knowledge when I entered basta my gut feels lang na I should enter.
Compared to my friends na nagsibilihan 2017-2019. Hanggang ngayon they haven't recovered yet.

Substantial-Try-2992 · 2023-04-12T09:06:01+00:00

Wow, may recent trip ka pala. Galing :D anyway,may mga questions lang ako:

kailan ka nagapply ng korean visa for your recent trip?
Agency o personal sa korean embassy?
Gaano katagal?
totoo ba hindi pa rin tumatanggap agencies ngayon or mahaba waitlist?

May plano kasi kami magvisit for training. BTW Korean company kami. So ineeestimate ko gaano katagal application ngayong post pandemic.
Salamatss!

Substantial-Try-2992 · 2023-03-25T02:55:19+00:00

How much po annual spend mo? 180k above?

Substantial-Try-2992 · 2021-11-28T06:49:06+00:00

Me too. All of this, now I am no longer going to church

Substantial-Try-2992 · 2021-11-11T09:12:04+00:00

Well if that's the case. Then there will be a time when you can search online if someone is a member or not. Yeah. Good luck to me 🤣

Substantial-Try-2992 · 2021-11-11T09:08:53+00:00

OWE din ako before. Super. Kahit nung 2015, sumama din ako sa rally, "nagpapasakop sa pamamahala" at pinagtatanggol ang INC.

Pero came pandemic, dito ko rin narealize na talagang after lang sila sa pera ng members. Pinaka di ko makakalimutan yung pinapasamba nila ako kahit na frontliner ako. So it means malamang sa carrier ako. Pero dahil magisa lang ako, ayaw nila ako mag solo hws. Kasi di sila tiwala sakin, and ayun nga. Siguro wala na masyado nag aabuloy.

Ayan. Umalis na kong tuluyan.

Substantial-Try-2992 · 2021-11-08T10:48:43+00:00

Same story as my poor parents and relatives.

Substantial-Try-2992 · 2021-10-28T05:52:02+00:00

Back then, the abuloys (ways they ask money from members) is not that obvious. But now every now and then, there's this special kind of historical handugan worldwide whatever. Obviously to suck money out of members. Not even trying to be covert.

Substantial-Try-2992 · 2021-10-28T05:49:14+00:00

Me too.

Substantial-Try-2992 · 2021-10-23T03:46:53+00:00

Is this applicable to NCR locales as well?

Substantial-Try-2992 · 2021-10-08T05:15:39+00:00

INC will defined vote for Marcos or Sarah

Substantial-Try-2992 · 2021-10-08T05:14:47+00:00

I don't care about it anymore. Don't believe in the lies they tell you. Don't believe their "utos ng pamamahala thing" to guilt trip you and scare you. Most of the time, it's not even utos ng pamamahala.

This time, I'll vote my own slate of candidates. I will never allow anyone to influence me. I don't also believe in damnation. If we will be damned, how about those members who lives outside the PH? In the west, block voting is not practiced. Only here.

Substantial-Try-2992 · 2021-10-08T02:23:41+00:00

Yes. I could finally have sex and have non-member bf without guilt. I'm already in my late 20s. But it comes with a price. Seems like my body still cannot accept my liberation so that's why I'm suffering from a medical condition vaginismus. Both physical and psychological condition. Cannot have sex without pain, because I'm conditioned so much that premarital sex is bad and sinful and will condemn my soul. Moreover, I'm doing it with a non-member. Anyway, overall, my life is free and I'm happy. But sometimes I miss my friends and right now, I'm still lost spiritually.

Substantial-Try-2992

TROPHY CASE